A report by Ponemon Institute estimates that data breaches cost the healthcare industry some $6.2 billion, as some 79% of healthcare organizations say they were hit with two or more data breaches in the past two years, and 45%, more than five breaches. See Healthcare Suffers Estimated $6.2 Billion in Data Breaches, Kelly Jackson Higgins, Dark Reading, May 12, 2016.
“Healthcare’s security woes have been well-documented over the past year. Even before the infamous recent wave of ransomware attacks on hospitals, there were plenty of red flags that healthcare was a ripe target for cybercrime, and even cyber espionage: there were massive breaches at Anthem and other insurers, as well as UCLA Health and earlier this year, 21st Century Oncology. A study last year by Raytheon and Websense found that healthcare organizations are twice as likely to suffer a data breach than those in other industries. And according to Trend Micro’s analysis of Privacy Rights Clearinghouse data, healthcare organizations suffered more breaches than any other industry sector between 1995 and 2005 — with some 27% of all breaches.”